TrimTabs Investment Research--an institutional research company--has just launched its own investment firm, TrimTabs Asset Management. The TrimTabs Absolute Return Fund LP is its first foray into the fund world and will debut on Sept. 1.

The fund will focus on the U.S. equity market and will rely on a trading strategy that examines current market trends, in an effort to determine if a particular investment approach will have a long or short bias, said Managing Director Conrad Gann, to Hedge World News. While executives want the first offering to have the flexibility of going long or short, future strategies may be long only, added Gann.

The hedge fund will focus primarily on liquidity. The company defines this as the relationship between float, the number of publicly owned shares that are available for trading, and flow, cash on hand for stock investment. The company uses three liquidity "trim tabs" to measure upcoming stock trends.

Charles Biderman, founder of TrimTabs, will be the fun's portfolio manager. Sadis & Goldberg has been appointed legal counsel and Bear Stearns has been appointed the fund's prime broker.

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